Tencent exploring MapleStory developer Nexon acquisition
Summary
Tencent is exploring the acquisition of Nexon, a South Korean game developer known for the MapleStory series. Initial discussions have occurred with Nexon's founder's family, but no deal is confirmed. Nexon has integrated blockchain technology into its games, allowing players to own in-game assets as NFTs. Interest in Web3 gaming is rising, with a reported 368% increase in activity year-over-year in January 2025, driven by titles like MapleStory N and Off The Grid. However, Web3 gaming experienced a 10% decline in activity due to a drop in unique active wallets. Challenges to mainstream adoption include the complexity of blockchain wallets and resistance from traditional gamers to play-to-earn models.
